It never ceases to amaze me how many companies lay themselves open to employment tribunal claims.
The Department for Business, Innovation & Skills (BIS) recently revealed that 20% of business owners are worried that they are getting their employment obligations wrong, while a further 34% believe that employment legislation is not relevant to their business. That adds up to a high proportion of employers at risk of infringing employment law.
It comes as no surprise therefore that the most recent Employment Tribunal statistics (to March 2009) show that claims have rocketed again this year to 266,542 – a rise of some 40% - the cost to employers was £2.6bn
Whilst it would be inprudent of me to tell you that its is possible to eliminate the chance of a claim it is definately possible to minimise the risk or mitigate the impact of any claim by taking a few basic precautions and ensuring that your employment contracts comply with the lastest employment legislation.
Never let it be said I’m not a generous man. Click here for a bit of free consultancy and your own copy of Employment Legislation – 10 Ways to Mimimse your Risk Exposure.
Mike O’connell, CEO, Isosceles Finance
Tags: Employment Legislation, Employment tribunals, HR outsourcing, human resources, Outsourced HR, Personnel Management
